Case Study: Cashbee boosts French savers’ returns with Powens Bank and Pay

Cashbee boosts the income for French savers thanks to Bank and Pay

Cashbee, a French savings fintech, wanted to better remunerate the savings of French consumers by bridging the gap between banks that can and cannot pay interest on short-term deposits. To do this, it turned to Powens and used Powens’ Bank for banking aggregation and Pay for payment initiation.

With Powens, Cashbee built a simple, secure app that lets users connect their current account, open an interest-bearing account, transfer money with one click, and withdraw funds easily. The solution helped Cashbee reach more than 13,000 users in 10 months, exceed €180 million in total savings amounts, and offer an average 1% first-year rate, about twice the 0.5% Livret A rate in 2020.

Cashbee

Cyril Garbois

Co-founder